Weyerhaeuser Company $WY Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its position in Weyerhaeuser Company (NYSE:WY) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 272,000 shares of the real estate investment trust’s stock after purchasing an additional 36,800 shares during the quarter. Weyerhaeuser accounts for 1.1% of Inspire Trust Co. N.A.’s portfolio, making the stock its 29th largest position. Inspire Trust Co. N.A.’s holdings in Weyerhaeuser were worth $6,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WY. Allianz Asset Management GmbH boosted its stake in Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after acquiring an additional 405,575 shares during the last quarter. Citigroup Inc. boosted its stake in Weyerhaeuser by 68.5% during the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock valued at $40,836,000 after acquiring an additional 669,451 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Weyerhaeuser by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after acquiring an additional 97,769 shares during the last quarter. Nordea Investment Management AB boosted its stake in Weyerhaeuser by 2.1% during the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock valued at $56,310,000 after acquiring an additional 47,709 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new position in Weyerhaeuser during the 3rd quarter valued at $1,154,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 0.3%

Shares of NYSE:WY opened at $24.59 on Friday. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86. The company’s fifty day moving average is $24.04 and its two-hundred day moving average is $24.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Wall Street Analyst Weigh In

A number of research firms have commented on WY. Truist Financial reduced their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Citigroup dropped their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.